Monthly Archives: September 2013

CFPB and Other Agencies Issue New GLBA Exemption

Earlier this week, the Consumer Financial Protection Bureau joined various other financial-related agencies in issuing an Interagency Guidance on Privacy Laws and Reporting Financial Abuse of Older Adults. The CFPB joined with the CFTC, the FTC, the NCUA, the SEC, and the prudential bank regulators (FDIC, OCC, and Federal Reserve) to issue the guidance. The […]

CFPB Issues Another Significant Update to Mortgage Rules

Last Friday afternoon, the Consumer Financial Protection Bureau (CFPB) issued yet another round of revisions to the January 2013 mortgage rules that have significantly altered the landscape for mortgage originators and servicers. CFPB Director Richard Cordray stated, “Today’s rule amends and clarifies parts of our mortgage rules to ensure a smoother implementation process, which is […]

CFPB Updates Examination Procedures for Mortgage Originators and Servicers

For financial institutions and mortgage companies grappling with an array of new rules and procedures promulgated in 2013 by the Consumer Financial Protection Bureau, an update to the mortgage exam procedures is now available. These procedures are what the CFPB says it will be looking for as the new mortgage regulations become effective in January […]